• July 13, 2024

Tucker Carlson’s Advice After The SVB Bank Crash Is Something That Everyone Should…

Silicon Valley Bank (SVB) was seized by federal regulators this week after its stock price plummeted due to rising interest rates.

SVB is the second largest banking institution to fail in US history, with the only larger failure occurring during the Great Recession of 2008.

While the Biden administration has attempted to reassure investors and American citizens that the collapse is a one-time occurrence that will be contained, other politicians, talking heads, and investors have already raised concerns about the ramifications of SVB’s failure.

The failure is already causing a Great Depression-style bank run, with tellers forced to call the cops on customers attempting to withdraw money from accounts after learning of the bank’s failure.

On Friday’s Tucker Carlson Tonight, FOX News host Tucker Carlson gave viewers frightening advice, telling them to “buy gold” and stock up on food.

“This could be very, very, very serious. We hope it’s not,” Carlson said. “We hope it ends today in an isolated story.”

The Daily Caller Reports

Fox News host Tucker Carlson said Friday that the collapse of Silicon Valley Bank was similar to a “bank run” from 1929 and the collapse of the cryptocurrency exchange FTX.

“We’re starting to get a better, more precise sense of what it means when Joe Biden brags about the strongest and most equitable economic recovery in history,” Carlson, a co-founder of the Daily Caller News Foundation, said. “What it means is it could be time to buy gold and stockpile food.”

“Some of the biggest banks in this country, Wells Fargo, Bank of America, J.P. Morgan, Morgan Stanley collectively lost more than $50 billion in market value in one day. That’s quite a hit. On the other hand, those banks still exist,” Carlson added. “You can’t say that for Silicon Valley Bank. As of this morning, Silicon Valley Bank, or SVB, has gone under completely. That makes the second biggest bank failure in the history of this country.”

Silicon Valley Bank was closed down by federal regulators on Friday after its stock price plummeted and customers began a bank run.

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